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QUESTION 9 What is the price of a five-year, zero-coupon, default-free security with a face value of $1000? Maturity (years) Zero-coupon YTM 6.60% 2

QUESTION 9 What is the price of a five-year, zero-coupon, default-free security with a face value of $1000? Maturity (years) Zero-coupon YTM 6.60% 2 7.20% 3 7.40% 5 7.80% 8.10%

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